Part 5/11:
Market reactions to the news of the sale have been notable. Warner Brothers' stock jumped significantly—around 9.4%—immediately following the announcement, reflecting investor optimism about a potential buyout. Valuation strategies seem to favor a price closer to $30 per share for the studio assets, excluding channels like CNN, which are viewed as liabilities given their poor ratings and advertising revenue. The sale price and structure could vary widely depending on which assets are included in the deal.